Business Maverick: US, Africa firms seal $15-billion of deals at Washington summit

  • 📰 dailymaverick
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 84%

Business News News

Business Business Latest News,Business Business Headlines

American and African firms reached more than $15-billion in new commitments and deals at a summit hosted by President Joe Biden as the US moves to increase its commercial ties with the continent through investments rather than aid.

Presidents from more than 40 African nations are in Washington for the three-day summit, the first of its kind in eight years. The US is trying to deepen its ties with the continent as it competes for influence with rivals China, Africa’s largest trading partner and bilateral creditor, and Russia, which has successfully strengthened relations with the region in recent months as western nations tried to isolate it over its invasion of Ukraine.

Cisco Systems, the biggest maker of machines that run computer networks and the internet, is partnering with, a diaspora-owned small business, for $800-million in new contracts to protect African countries from cyber threats.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Lots of numbers but no detail. Another propaganda exercise

Did US Ambassador Reuben Brigety attend or was he left off of the guest list of important people? “Lucious” Brigety is excellent at self-promotion, but his social media page and the Embassy’s page have been oddly quiet this week.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in BUSİNESS

Business Business Latest News, Business Business Headlines